Great Western Insurance: Providing Reliable Insurance Coverage for Decades

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When it comes to insurance coverage, choosing the right provider is essential to guaranteeing the protection of assets and peace of mind. For over 115 years, Great Western Insurance has been providing reliable insurance services to individuals, families, and businesses across the United States.

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Company Background

Great Western Insurance was founded in 1905 in Ogden, Utah as a fraternal benefit society. Over the years, the company has expanded its services to include various insurance products such as annuities, life insurance, and final expense insurance.

Since its inception, Great Western Insurance has been committed to providing excellent services to its clients. The company has grown rapidly, and it now has a strong presence in 47 states across the country. Its customer base primarily consists of individuals, families, and small business owners.

Life Insurance Policies

Great Western Insurance offers an array of life insurance policies designed to meet the unique needs of its customers. Some of the most popular policies include whole life insurance, term life insurance, and final expense insurance.

Whole Life Insurance

Whole life insurance is a permanent life insurance policy that provides coverage for the entirety of a person’s life. Unlike term life insurance policies, whole life insurance policies do not expire as long as premiums are paid. Depending on the policy, whole life insurance policies can also accumulate cash value over time.

Great Western Insurance’s whole life insurance policies are flexible and can be customized to meet the specific needs of each customer. The company offers competitive rates and guarantees the death benefit amount.

Term Life Insurance

Term life insurance is a temporary life insurance policy that provides coverage for a specific period, usually between 10 and 30 years. The policyholder pays monthly premiums for the duration of the policy, and if they die during the policy’s term, the death benefit is paid to the policy’s beneficiaries.

Great Western Insurance’s term life insurance policies are affordable, and customers can choose the coverage amount and term that best fits their needs. The company also offers renewable and convertible term policies that can be extended or converted into a whole life insurance policy.

Final Expense Insurance

Final expense insurance, also known as burial insurance, is a type of life insurance policy designed to help cover the costs associated with a person’s final expenses. This may include funeral expenses, medical bills, and other end-of-life costs.

Great Western Insurance’s final expense insurance policies are affordable and easy to qualify for, even for individuals with pre-existing conditions. The company guarantees the death benefit amount and offers flexible payment options to make it easier for customers to manage their premiums.

Annuity Products

In addition to life insurance policies, Great Western Insurance also offers annuity products, which are designed to provide a steady income stream during retirement.

Fixed Annuities

Fixed annuities are a type of annuity product that provides a guaranteed interest rate and a fixed income stream during retirement. Great Western Insurance’s fixed annuities are low-risk and offer competitive rates, making them an excellent option for individuals who want to ensure a steady income during retirement.

Indexed Annuities

Indexed annuities are a type of annuity product that offers the potential for higher returns while still providing a level of protection against market volatility. Great Western Insurance’s indexed annuities offer competitive rates and flexible payment options.

FAQ

Question
Answer
What types of insurance does Great Western Insurance offer?
Great Western Insurance offers a range of insurance products, including life insurance, annuities, and final expense insurance.
How long has Great Western Insurance been in business?
Great Western Insurance has been in business for over 115 years, providing reliable insurance services to individuals, families, and businesses across the United States.
What is the difference between whole life insurance and term life insurance?
Whole life insurance is a permanent life insurance policy that provides coverage for the entirety of a person’s life, while term life insurance is a temporary policy that provides coverage for a specific period. Whole life insurance policies often accrue cash value over time, while term life insurance policies do not.
Who can benefit from final expense insurance?
Final expense insurance is designed to help cover the costs associated with a person’s final expenses, including funeral expenses, medical bills, and other end-of-life costs. This type of insurance can benefit anyone who wants to ensure that their loved ones are not burdened with these expenses.
What are annuities?
Annuities are financial products that provide a steady income stream during retirement. They are typically offered by insurance companies and can be either fixed or indexed.

In Conclusion

For over a century, Great Western Insurance has been providing reliable insurance services to individuals, families, and businesses across the country. The company offers a range of insurance products, including life insurance, annuities, and final expense insurance, to meet the unique needs of its customers.

Great Western Insurance is committed to providing excellent services, and its policies are designed to offer peace of mind and protection to its clients. Whether you’re looking for a life insurance policy to protect your loved ones or an annuity to ensure a steady income stream during retirement, Great Western Insurance has you covered.

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